on "daybreak asia." yvonne: 7:30 a.m. sday on in hong kong on this eve before the year of the dog embarks on all of us. away from asia's first major market open. before the holiday starts. ramy: nice. meantime, here, it's 6:30 p.m. whereday in new york markets closed in the positive. s&p 500 up 1.33%. see the empire state building going the other way in terms of color but green on the board, 4-4 in the u.s. markets. date, up byar to nearly 1%. yvonne: you're watching "daybreak asia." getting the news with courtney collins. strongly oil rose research- despite showing that the rate in to thetel nations fell toest since july according calculations. compliance.ved 93% russia says it's keen to be part aramcoanticipated saudi i.p.o. banks and a joint fund are in participating when the kingdom sells a stake in the company. of i.p.o. is the centerpiece weane the countrywe of oil. zimbabwe's most prominent opposition leader has died at the age of 65. fight the political against president mugabe for two windes but failed to election

welcome to "daybreak asia." a mix today in the asia-pacific. the overnight, wall street fell on speculation. the catalyst was the fed minutes. policymakers are increasingly confident about the u.s. economy. betty: i am betty liu in new york, it is after 7:00 wednesday. oil sliding a second day in new york. concerned this could derail opec production cuts. the asian pacific's enjoys a golden year for aviation. we will hear more views from qantas boss, alan joyce. ♪ yvonne: we have been honing in on the fed minutes. i turn in the markets for the close of wall street. asia so far bucking the trend, powering through inflation risk at the moment. china will be the big game changer. g #btv 8423. this coming at a time when the global equities in general, this rebound seeming fragile now. this up spike in yields will be the catalyst of that. now we see that tenure at 2.95%, that will be giving -- the 10 2.95%, that will be giving jitters. betty: as you have mentioned, asia bucking the trend. this connection among global markets between the u.s. and asi

occam to "daybreak asia -- welcome to "daybreak asia." treasury yield fell for a third straight day. volume was lower than usual on wall street as investors look ahead to jay powell's first testimony as head of the fed. betty: from bloomberg's global headquarters, i am betty knew in new york, where it is after 7:00 p.m. on monday. xi jinping tightens his grip on china. critics slam the new world order. no sacred cow. hong kong will leave no stone unturned as it tries to resolve its chronic shortage of housing. yvonne: stocks bounced back and we saw bond stabilize before jay powell's testimony, which we are shrugging off for now. take a look at my chart, g #btv 599. have we seen the worst of these spike up in yields? if you look at technical, it may suggest yes. this is the moving average conversion/divergence index. buy.is flashing a are saying the worst may be over. whatever we hear from jay powell may not move the needle to much. he may not say a whole lot before the march meeting. they may not move the yields at all, right? give the ma

"daybreak: asia." this is bloomberg. ♪ kathleen: this is "daybreak: asia".ter olympics officially opens on friday in pyeongchang, south korea, but it is north korea that has the spotlight, let's get to our korean reporter, and steve, good to see you from chile pyeongchang, but it seems like the tension has incoming where we suckorth him jungle this military parade on thursday. how are these escalating games?s affecting the >> let me tell you what is coming from the north, it is eight bitterly cold siberian went casting a chill on these games. , am holding a lot of coffee and i am going to be treating a lot of coffee because it is pretty darn cold. a far as north korea, it is bit of a chill and a bit of a warming as well because that is the policy of the president of south korea, he believes taking a less hawkish on that the united states wants what the north, to bring a fraternity to the koreas here, which open up in the olympic stadium, when you see behind me is a pop up , they're going to take it down after the on the picks, but tonight is going to be circ

in hong kong, welcome to daybreak asia. markets are set to edge higher after wall street ended at highs as the dollar slumped. have aominent players different number in mind. foty: is it three or is it ur? 6:00 p.m. on thursday, and more pressure on the president's former campaign chairman paul manafort, now accused of tax and bank fraud. ♪ betty: one long-standing story we are watching is treasury yields and where they are headed, and i want to pull up a is behind thethat volatility we are seeing in equity markets, 10-year gilts -- yields. key level of 3%, and we have been watching that like a hawk, it is almost like a movie. once you get to the big box somee opening, but for will hit that at three years time, what happens after that? we have seen quite a bit of volatility headed as we have been seeing yields had towards this level, but afterwards is the question. what are we going to see in the markets? yvonne: it is interesting you mentioned this earlier, and the markets have changed. they are not buying the dip anymore,

my: this is "daybreak asia i am remy inocencio in new york.kets opening lower in trade, the regional benchmark down 0.2%. the u.s. session snapped after six days of gains. joining us is eastspring cio, virginie maisonneuve. they have a $150 billion of assets under management. good to have you here in hong kong. last time i spoke to you was in jakarta. you said goldilocks and the three bears is what we are expecting. is goldilocks still around or gone? virginie: it depends on how you define it. clearly, we still have synchronized growth. we still have earnings growth. do we have low inflation? but rising, yes. do we still have important structural trends underpinning global shifts that are going to be there for 10, 15 years? yes. clearly, the three bears, liquidity, inflation and rates, are there. the key thing is to address the changes of the three bears and where that stands for expectations. known normalization of monetary policy was coming for a long time. that the fixed income team has had the forecast increases.ncome the gap between expec

welcome to daybreak asia. super cycle of the mid-quarter were below estimates, although the 10 did quite well. it really was amazon go after it line.he bottom alexa also beat expectations. betty: i'm in new york 7:00 p.m. this thursday. planning for the post-brexit li. split saying that the from europe should have no adverse effects. a chinese battery maker that plans to leave tesla in the slow lane. ♪ ♪ yvonne: we have been talking about this slew of tech earnings on tap. m,ems it was like the a tea they were calling it. split from europe should have no adverseapple, the iphone x concn seems to be alleviated for now. could be a good day fo suppliers. >> let's have a look at the open in south korea and japan. nikknes, especially on the ei 225. we have been talking about the big tech earnings overnight. then essentially coming out latter part of the day into the close. the weekly drop in eight weeks for equities in the asia-pacific. it was bound to happen at some point. watch what has been happening in europe.

you are watching "daybreak asia ."word news with a very optimistic and sunny jessica summers. >> economic growth in japan missed estimates in the fourth quarter. it should expansion of 0.5% from the previous three months. it is down from 2.2% growth in the first quarter. business spending fell short of expectations, rising 0.7%. founder julian assange has lost his appeal against an arrest warrant in the u.k. the judge rejected the defense's argument it was no longer in the public interest for him to be detained for jumping bail in 2012, saying, he should come to court in person to make his case. he spent more than five years in an embassy. trump has president been challenged over potential tariffs on steel and aluminum imports. suchg a meeting, they said a move would raise prices and probably cost u.s. jobs in related injured -- in related industries such as car manufacturing. several manufacturers -- several lawmakers challenged president trump's position. benjamin netanyahu faces the biggest challenge of his life, po

that is it from "daybreak: asia ." markets coverage continues next. omberg markets. this is bloomberg. ♪ rishaad: asia-pacific markets are extending a two-week global rally. investors turning to central-bank policies. jay powell prepares his speech on capitol hill. winning the party, allowing him to stay in office indefinitely. haidi: blue skirts on fire today is earnings come in ahead of targets. we sp

welcome to "daybreak asia."c stocks look set to fly as europe fails to extend afterr gains retreating from a 15 month high. oil rising, hitting above 52 bothers -- $52. bloomberg's global headquarters, i'm ramy inocencio in new york, where it is past .:00 p.m. on a monday hsbc will deliver fourth quarter as well as full-year results. the last under stuart gulliver. dhp is said to report its biggest first-half profit. it is under renewed pressure from an activist investor. this is the second hour of "daybreak asia." welcome. first word news with haslinda amin in singapore. hasinda: singapore announced a range of tax increases including a surprise to copeproperty levies with its rapidly aging population. it is worth more than one million singapore dollars and goes till 4% from tuesday. the government also wants to raise the goods and services tax from 9%. isresa may's brexit team said to have secret plans to withhold billions of pounds in a you payments to give the u.k. the trade deal it wants. we are told senior

it appeared in8 my inbox3 "daybreak: asia." this morning so "daybreak: asia."l have a read of that. -- it appeared in my inbox. i will have a read of that. think bonds continue to play a role. kathleen: do you feel it is a contrarian call that you see the dollar depreciating, even though we have seen it depreciating in the face of fed rate hikes? a lot of people say the euro will do better, maybe even the yen because the fed is on its path and europe will catch up? why do you feel that is a contrarian call? has weakenedollar already. as you say, i think you have the fed rate hikes well priced in. ecb moves not quite so much. rate hikes in 2019. the boj, i do not really see them removing that zero perceive -- 0%. haidi: kind of widely -- they had a scathing reaction amongst the investor community that you could get wage growth without inflation. what you make of that argument? >> if you have an economy that the u.s. is growing about its potential growth rate and people are saying we might see a little bit of wage pressure -- we throw in quite a substantial stimu

tune in to daybreak asia at 7:00 hong kong.berg radio plus, or access it on bloombergradio.com. boyfriend image. we have more on that and china's numbers. this is bloomberg. ♪ ♪ tom: it is 8:30 in singapore, half an hour from the open of trading there. 33% jump inorted a fourth-quarter profit from a year earlier to read on the back of a strong performance in wealth management division. i am tom mackenzie in hong kong. betty: i am betty liu in new york. you are watching "daybreak asia ." >> a senior british official says china is wary of providing trade agreement until they see how brexit plays out. the u.k. hopes to negotiate a new deal with beijing during the two-year implementation period after march of 2019. they launched a review of their $77 billion trading relationship during theresa may's visit last week. ,> we asked members of the e.u. and we won't be able to implement any visit. the launch of the second chapter clearly endorsed by both sides. germany has agreed and outlined coalition giving chancellor merkel a fourth t

. ♪ ramy: this is "daybreak asia." bank of japan governor may be one step closer to his reappointment after reports in leading newspapers over the weekend. our bloomberg economic and policy editor kathleen hays is here. we were talking about this with chris low. this is an environment in which we think the fed may be changing itself. one of the reasons why governor kuroda will be , one of the best advertised reappointment of the federal bank -- of a federal bank official in many years. everyone in japan expected this. japanime minister of wants to keep stimulus in place to make sure inflation continues to move higher and the economy keeps growing. that is what the governor is committed to. in addition, this will talk the markets the boj is going to keep its stimulus in place, even if the fed starts pulling it out by raising interest rates. haidi: stock market volatility is another reason to reappoint kuroda now because it shows markets have a steady hand at the house. but i learned so much in my reporting in tokyo, the

i'm yvonne man, welcome to daybreak: asia. and then there were four. the fed chairman says strengthening data might mean a rate hike briefing. u.s. stocks sold off on jay powell's more hawkish tone and asia pacific markets are expected to follow suit. i'm betty liu in new york or it is just after 6 p.m. on this tuesday. oh dropping the most amid new warnings about u.s. show production in the opec led market, rebalancing in washington. getting tough with china. slapping tariffs of 106% on imported aluminum foil. beijing has hinted at a response. li na the markets in the u.s. tumbled today in reaction to the fed chairman jay powell's testimony today. but if you look at several pieces of data, indicators and a buy signal relative to other markets in the u.s.. g #btv 672 which shows you the breadth of the market. still of s&p70% stocks are trading above their 200 day moving average. if you look over into europe, for instance, where you and i talked to a lot of investors, there is a lot of value in europe. only 59% of stocks on the euro, the stoxx 600 index

this is "daybreak: asia."gapore airshow kicks off this week, the leadership summit is bringing together high-level participants from regulators, the government and airline operators to address a wide range of topics. is there in the lion's den. >> i am with qantas ceo alan joyce, his first interview of the day, and we know qantas is moving into these long-haul plans. they will start a long-haul flight to london next month and they are planning on bringing singapore back in. thank you for joining us. you are pushing into the long-haul aspect, perth to london. we bring in new passengers? easiest will, it's the -- the most convenient way to travel. we know people want direct service. startedl be on the new -- the new state-of-the-art aircraft. we put less seats on the aircraft than our competitors. it is only a few weeks away and the initial forward-looking's are extremely strong ahead of where we expected to be. we are very confident the traveling public really do like his new direct services. juliette: what imp

welcome to daybreak asia. tuesday,tories this asia-pacific markets extending gains after wall street shrugged off the worst week for equities in two years. the volatility index fell and the s&p saw the biggest two-day advance in 18 months. traders are still nervous about u.s. inflation. >> and from bloomberg's global headquarters, i'm remy where it is just past 6 p.m. on monday. president trump reposes widespread domestic cost cuts and congress is expected to all but ignored this budget plan. and rolling the dice, mgm opens up in time for the lunar new year. we are live with ceo brenda lee. >> looking at the markets, another bit of surprise here. it markets up across the board, led by materials and information technology. with that said, there is still a lot of caution out there. g #btv 7589. the white line is the spx in terms of net positioning and you can see that falling. this is just a flip. a reversal with the vix futures spiking higher. volatility and bullishness surging to the highest level. we will see

you're watching "daybreak asia." nd asia in tandem with what we saw in the u.s. the nikkei 225 up about 3% at this point. let's get to first word news with jessica summers. tech, consumer and material stocks helped u.s. stocks to their best day in more than here. as markets fell from eight today rout that went global. the s&p 500 index rose the most, while the dow jones surged the most in two years. treasury yields swung the for measuring higher, while the dollar declined after two days of gains. bitcoin gained for the first time in six days, snapping a losing streak that pushed overall losses in digital currencies to half $1 trillion. the leading cryptocurrency was helped by the return of risk appetite. they already have the regulatory oversight needed for enforcement. jay clayton told a congressional s arettee that all ico' security failed. >> they only work for their purported purpose if are integrated with the financial system. therefore, in necessarily touches on all legislation. jessica: at least two people kill

that is it for us at "daybreak asia." coverage continues. ay of the month. asia-pacific stocks entering with declines across the board. february proving to be one of the wildest months in years. the worst month for equities since the u.s. election in 2016. china's leaders agreeing their choice for top positions -- in hong kong, i'm rishaad salamat. haidi: here in sydney, i'm haidi lun. talking tough on trade. president trump says he will do whatever is needed to stop china from undermining global competition. this is "bloomberg markets: asia."

bloomberg. ♪ >> this is "daybreak asia."hleen hays in new york. >> and i'm yvonne man in kuala lumpur. fed presidents says he doesn't see a financial crisis on the horizon. an exclusive interview with betty, neel kashkari told her while stock valuations seem on the high end, he doesn't think it's a bubble. talked about what the fed is learning from japan. america, people were very quick to criticize the bank of japan, saying they should have aggressive,re trying to deal with low inflation than they were. littlebe in a inflationary environment for a long period of time. we've seen the struggles of japan. learnedhe things i've from japan is how powerful low inflation expectations are, when become embedded in a society. central bank can raise inflation or 100%. we don't know how to raise aflation expectations by half percent. that's the trick. i think japan has learned that. they've taken extraordinary measures to try to boost even nation in their -- inflation, but they want to maintain credibility. we need to continue being hu

i am yvonne man, welcome to "daybreak: asia." s brace for a selloff after the dow's biggest fall in 18 months. there is concern the fed will pick up the pace when it comes to hikes. the u.s. debt ceiling back on the agenda this week. the bond market alarm bells ringing loud and clear. hays in: i am kathleen new york, it is just past 6:00 p.m. on sunday. a new era for the fed, jay powell sworn in on sunday, janet yellen said she is disappointed to leave. in it is singapore airshow week. we will hear from

i'm yvonne and look at the "daybreak: asia".ies this friday correction come at s&p 500 closes 10% below january's record as rate hikes worried returns to the market. falling inc stock is a downward spiral, and the kleins of at least 2%. -- declines. the volatility index is more than double it week ago, and 10 year treasury yields retreat from your for your highs, but it is not simply an adjustment.

welcome to daybreak asia. his asia-pacific markets extending gains after wall street shrugged off the worst week for equities in two years. the volatility index fell and the s&p saw the biggest two-day advance in 18 months. traders are still nervous about u.s. inflation. >> and from bloomberg's global headquarters, i'm remy where it is just past 6 p.m. on monday. president trump reposes widespread domestic cost cuts and congress is expected to all but ignored this budget plan. and rolling the

look at the "daybreak: asia". this friday,es amazon go beating the top and bottom line. also topped expectations. shares slumped, there is concerned that google's parents will have to pay more. betty: i am betty liu in new iphone touches a break as sales in the holiday quarter were below estimat

in hong kong, welcome to daybreak asia.at highs as the dollar slumped. have aominent players different number in mind. foty: is it three or is it ur? 6:00 p.m. on thursday, and more pressure on the president's

i'm yvonne man, welcome to daybreak: asia.his tuesday, said to extend gains after u.s. stocks in a four-week high. can your yields fell for a third straight day. >> plans for the iphone with a big new tablet to attract

i'm yvonne man, welcome to daybreak: asia. and then there were four. ays strengthening data might mean a rate hike briefing. u.s. stocks sold off on jay powell's more hawkish tone and asia pacific markets are expected to follow suit. i'm betty liu in new york or it is just after 6 p.m. on this tuesday. oh dropping the most amid new warnings about u.s. show production in the opec led market, rebalancing in washington. getting tough with china. slapping tar

daybreak asia at 7 a.m. hong kong time.omberg. ♪ haslinda: new york, new york, it's almost 10:30 p.m. in new york city. markets pretty much focused on the prospects of the pace of rate increases, but some jitters out there, possibly for greater rate increases. david: here in hong kong, the all of session, so for you "lord of the rings" fans out there, that is our version of the twin towers. it appears the clouds of mordor loom large. any sort of gains you would hope for being capped at the moment. haslinda: you're watching "bloomberg markets asia." let's get a check on first word headlines. : as the minutes of janet yellen cost last fed meeting showed policymakers more positive on the economy and increasingly optimistic they will reach their inflation target, officials said they expect their rate of growth to exceed initial estimates and that the labor market will continue to strengthen. minutes show several members have raised their forecasts from december. ford's head of north american operations is leading, following an

yvonne: welcome to daybreak asia. the u.s. stock market falls the most in six years.ore than $1 trillion is wiped away. the markets braced for a second day of heavy losses and rising concern that inflation will force interest rates higher. quicktime cathleen in new york where it is just past 6 p.m. on this monday. the minneapolis fed president says not so fast. wage gross to -- wage growth do

. ♪ yvonne: i'm yvonne man, welcome to "daybreak: asia". this wednesday, looking at the markets, you're seen the market meltdown is a a bit, u.s. stocks recover with their best day since 2016. the dow fell and saw its biggest gain in two years. --wasn't all clear sailing before ending with a late session rally. from bloomberg headquarters, i am betty liu in new york and it is just after 6 p.m. on

betty: welcome to "daybreak: asia". cleveland's investor says to be in the running for vice chair. bloomberg headquarters, this past 6 p.m. on tuesday. wall street rose for a third day, and the stronger yen weighing. and president trump

. ♪ david: this is "bloomberg daybreak: asia." .aslinda: i am haslinda amin the latest business flash shareholders. expectsks investments losses will erode what little cash the company has left and says the mounting problems pile further pressure on unwilling shareholders to accept the restructuring deal. noble reports earnings on wednesday. david: ebay is said to be close a japaneseor e-commerce site. it is lying assets from a jv assets from aing jv partner played at roughly $700 million. japan is the biggest market qoo10. haslinda: the new york state comptroller says the board of wynn resorts did nothing to stop alleged sexual misconduct. it said members were complicit in his behavior, permitting him to wield his power unchecked. a complaint in nevada state ofrt say the board was aware at least 2016 of the allegations against the wind -- steve wynn. david: approaching the lunch break in hong kong. we have been talking about earnings. aia out yesterday, and we saw the reaction in the markets. standard chartered over the next ,ew minutes, 12:15 local time that bank reports earnings in

bowie mgm macau ceo grant speaking on daybreak asia. plenty more to come. hear from the biggest property developer about its earnings and market at home and abroad. with us,dent and ceo, next. this is bloomberg. ♪ haidi: southeast asia's largest developer has posted a 38% drop in fourth-quarter net profit from a year ago when it completed and handed over a large number of homes in china. let's get straight to singapore now. juliette saly is standing by with the companies ceo. jules. juliette: haidi, that is correct. i am at the headquarters in singapore with the ceo. only has he delivered the fourth quarter and of course the full-year results today, but also announced the acquisition of a new set of apartments here in singapore, about five kilometers from where we are standing. thanks so much for joining us. fallen profit. can we expect more acquisitions like you announced this morning? >> we have to look at it on a full-year basis. we have profit of 30%. that is quite significant. if you look at the fourth quarter alone, obviously, the profit recognition is

. ♪ >> this is "bloomberg daybreak: asia." ♪ rishaad: more challenges for china, though lunar new yearole. >> abenomics coming under pressure, retail sales and trade falling more than expected. rishaad: noble reporting earnings later. it's potential losses are "shocking." >> lenovo doesn't compute with investors anymore. the future what holds. shares are down sharply since 2015. jerome powell was in the house, day one of congressional testimony. the first part following the script. in the queue and day, he took on a more hawkish tone. is 5528. these are previous economic cycles in the united states, higher bondtion, yields, a concern that trope the selloff we saw at the start of the year. we getstion is that once to that 3% level when it comes to the 10 year, where do we go from there? does it pull back? is that where we see foreign interest coming into the markets? rishaad: yield differentials playing an absolute key role in that, and predictions that if we get four .5% according to goldman sachs that we would see a 20% fallback for equities. lots of other stuff to digest as well. inv

bloomberg daybreak: asia, look for that. stay with us. good morning everyone, francine lacqua in london and i'm tom keene in new york. foreign-exchange today, the litmus paper of the global system feeds into everything we do. patel and david riley. let's bring up a chart right now, trade weighted sterling. it goes back to the history of 1992. i will call it the major sterling week. here, here we are with recovery. a trade, viraj has rated believe in sterling. basically called the pound at 1.50, against the dollar. anything change? viraj: not at all. one of the things, the patience for that u.k. story to kick in. one thing we learned, the pound's resilience over the past weeks, yesterday through the brexit noise, we are in a different trading environment than 2017. u.k. markets are recovering back to data, all of that suggests defer spending upside, until clarity on the brexit transition deal. optimistic on that, expect deferred upside, we look to 1. 45. francine: we could get that. or we could get it in months. viraj: that is the point. t

bloomberg daybreak asia spoke with the banks finance director following the results.ourth quarter, they say hsbc is optimistic for 2018. >> we've always taken a somewhat conservative stance in dealing with troublesome credit. we've dealt with this and believe largely in the fourth quarter of the year. expect to go into 2018 with a purely clean slate with respect to those exposures. francine: joining us now is our managing editor for finance. thank you so much for joining us. legacy of th goal ulliver or will he be remembered for turning around the company? >> much more focused and in control of the empire. thatis probably a blip investors were not hoping to see. this did not come through in the fourth quarter. there were a number of reasons, including the hits on the two corporate failures, which we believe were steinhoff and carillion. francine: this is more streamlined. i believe the challenge is to get revenue in and make it grow. elisa: that's right. what we are seeing so far in terms of their pivot to asia, that's definitely paying off. in 2017, three quarters of

this is "bloomberg daybreak: asia." ♪ wasi: we knew there pressure and things weren't and theght at an detained. aggressively acquisitive conglomerate that holds assets worth $320 billion, including ones like the waldorf astoria hotel in new york. the breaking news we have had over the last hour, a cluster of chinese regulators will take over for one year. it does not look good when it comes to the chairman's fortunes. this is the regulator, operations may seriously in danger the solvency and the statement going on to say the operations remain stable. that's what we have from the see , a shot across the bow for some of these other companies of spending profitably. let's kick it out to sophie kamaruddin. there we have it. sophie: asian stocks set to end the week on a positive note. we had some jitters in chinese markets following lines around an bang. we are seeing them reverse losses, the shanghai composite up .5%. for the hang seng and h-share index. energy stocks leading gains in hong kong and korea, where the kospi is one of the best performers today. in tokyo, gains across the boar

daybreak. equitiesy have asia open. you are seeing it in the green right now.r after last week's selloff. hong kong and china are up. they bore the biggest brunt last week and during the selloff. the shanghai composite index up for the day, but still down 10% for the month. we need to look at it in the longer term. it had its worst weekly's august of two summers ago. it was more than -- it had four that -- it had more than 50 stock stopping. south korea, the market is on the rise. australia under some pressure. the nation starts an inquiry into the nation's financial systems, and we have japan closed. key economic indicators to look forward to this week, the cpi data out of the u.s. on wednesday. that is apprehension for traders. wednesday, we have gdp out of japan. they are expected to extend the largest -- the longest stretch of economic growth since the mid-1990's. i want to show you the vix chart. it surged above 40 earlier in the week and ended just below 30 on friday. still, the index kept its biggest weekly jump since august of 2015. where will it go thi

this is "bloomberg daybreak: europe." anna: asia's with no share buyback. the stock takes a hit in asia. we spake with the bank's finance director. >> fourth quarter from our perspective in the industry's was a little weaker with respect to global bacon market revenues, space.larly the ficc we also took corporate exposures in the fourth quarter. manus: asian equities snap a six-day rally as hong kong comes back online following the new ye'

daybreak: europe." let's check in on the market action overnight. the msci asiaific is trading higher after we saw that strong session and united states. in the past two sessions, the biggest two-day increase in 18 months. 43%.s up 0. japanese markets big weighted down -- being weighed down. are also pointing down, so we need to be aware of that as we go through this morning's session. morgan stanley joining goldman sachs and jpmorgan and advising the dip.he dip -- buy the has been a substantial move, and one of the things in the mix seems to be the prime minister in japan speaking in parliament, talking about how they have a blank slate in choosing the governor of the bank of japan. reports suggested that governor kuroda would be tapped for another term. that could still happen, of course, but they're talking about a blank slates of people to choose from. the3 is where we trade dollar against the brand -- rand. zuma refuses to step aside, but many are wondering if that will hold. perhaps the writing is on the we will jacob zuma, but wait and get analysis from so

this is "bloomberg daybreak: europe." anna: asia's fourth-quarter earnings fell short with no share buyback. the stock takes a hit in asia. we spake with the bank's finance director. >> fourth quarter from our perspective in the industry's was a little weaker with respect to global bacon market revenues, space.larly the ficc we also took corporate exposures in the fourth quarter. manus: asian equities snap a six-day rally as hong kong comes back online following the new year's holiday. meanwhile, treasury yields climb ahead of a quarter trillion dollars of auction this week. anna: and a brexit backup plan. theresa may is said to be preparing to withhold aliens and eu payments if the bloc doesn't play ball on trade. ♪ anna: good morning, this is "bloomberg daybreak: europe." let's get straight into the market auction. we will have more from the finance director shortly. msci being weighed down this morning, part of it is hsbc, where we see negative reaction coming through to that earnings statement, in particular the pretax profit numb

daybreak. we are one hour away from the open of asia's major market. hour, we willxt look at action on wall street playing into your trading day and get a quick look at what transpired on friday. barely above the flat line. we will take that. you can see the nasdaq giving up a little. five stocks top were in the negative. look at the bloomberg terminal and i will show you consumer and this in michigan is the second-highest with a lot of people still happy about the tax cut policies and the strong labor market. >> we have had one hour of we have seen the kiwi-dollar lose a little bit of australiah futures in looking a little bit weaker late last week and not a great deal of change. gold and a check on consideringhich is -- continuing to show strength. trading today be in china, hong kong taiwan, and vietnam. another term was announced for the boj governor and we will discuss that outlook shortly. to singapore. get the minister says he can continue working and avoid fracturing the coalition government. there was a shocking error of liberal and the govern

daybreak: australia." this is bloomberg. ♪ in hong kong. we are live from bloomberg's asia headquarters.omberg markets: asia." market set to slide as the euro fails and the yen retreats. traders look to key events, including rba minutes and janet yellen's last meeting at the fed. ramy: from bloomberg's global headquarters, i am ramy inocencio in new york. bhp to report its biggest first-half profit in three years , also under renewed pressure from an activist investor. also, president

daybreak: americas." i'm alix steel. in asia, buying in europe, and selling modestly in the jurors market.00 points. to a lower open but nowhere near the last few days. buy the dip is all we're hearing from the big banks. wells fargo upgrading their for the s&p. a broader stronger dollar story. seeing some buying come into the treasury market. watch the 10-year, billions coming up in an auction at 10:00. what will the demand for yields to buy the longer term duration asset? softer, 29, ale far cry from yesterday. crude oil down .4%, despite goldman sachs being bullish on the commodity. the eia saying they are looking in 2050.brand at let's get a look headlines outside the business world. the house has passed a temporary spending bill that whatever the government shutdown tomorrow night. it wasn't the budget cuts to fund the military to september. a broader bill may be added before the senate votes. leaders in both parties say they want to end the cycles of temporary budget measures. the head of the house financial services committee says markets go up and down and is not up to congress to

daybreak: europe." these are today's top stories. powell's debut come asia extend the global gains as investors await the chairman's first testimony in front of congress. 100 deals for the eu. will it challenge theresa may tomorrow? stimulus.o mario draghi tells the european parliament that uncertainty remains and he is not ready to reduce support. we will bring you our interview. ♪ manus: a warm welcome to "daybreak." we are in london, abu dhabi and singapore. where at the fat forum this morning. forum this morning. standard chartered brings back the dividend. that is a critical message. hsbc reshore the market on dividends. jes staley reinsured the institutions on dividends. standard chartered reinsurance the market on dividends. where they risk on mood in the market. -- we have a risk on mood in the market. rates will not run away to the upside. we have a risk on attitude to markets. let's have a look at the risk radar. asian stocks recruit -- recoup their there were losses. are you paying a premium to hold asian-american markets? jay powell talking about

daybreak: europe." this is the picture on the equity markets, the msci asia-pacific index taking a leap from the unitedtes on friday. let's get the bloomberg business flash with juliette saly. juliette: anna, weinstein co. is set to file for our protections from creditors after sales collapsed. the company's board failed to revive a deal to sell the film studio. the studio had been looking for buyers since its cofounder was fired in october and it allegations of sexual assault and harassment against dozens of women. sam's son has grabbed the -- samsung has grabbed the spotlight in barcelona with the launch of the new galaxy s9. the company is banking on features like augmented reality-based emojis, camera upgrades, and stereo speakers to take on the iphone x. samsung also wants to calm concerns about a slowdown of its component business, and j wiley's ability to manage the company following legal drama. $9 billions geely's stake in daimler is within regulation, with no need to invoke investment rules. the dealer makes the chairman and founder daimler's leading shareholder. it is also the largest invest

daybreak: europe." this is singapore, 2:20 in the afternoon there. asiaacific shaken a little by the commentary out of the fed about the strength of the u.s. economy. we see that index down, but china is raising back after the lunar new year. that's get the bloomberg business flash. with theet's kickoff billionaire founder of the rose biggest hedge fund. he says there's a high probability of a u.s. recession before the next presidential election. he says were not in bubble territory yet. >> we are not even in the bubble stage yet. we are in the pre-bubble stage it could go into a bubble stage because of this thing that then can be followed by a bust phase. i would say that the probability prior to the next presidential election would be relatively high. 70% or something like that. yousef: ford's head of north american operations is leaving with immediate effect following an investigation into inappropriate behavior. finding he engaged in conduct that was inconsistent with the company's code of conduct. they issued a statement saying he regrets not exhibit

daybreak. equity futures are trying to stabilize after the selloff from yesterday spread to asia and europe.asses, gilts take a break. we see some selling on the margin as yields are up by one basis point. that's the highest level since 2014. the dollar is mixed, the vix is softer and crude gets weaker. we are still a stone's away from that 100 moving average. goldman sachs stays bullish. this is with making headlines. ended one of the surest government shutdowns of all time. the house passed a two-year budget bill that raised federal spending by $300 billion. it placed the debt ceiling on hold for a year. the public and senator rand paul had blocked the senate vote for hours. he was unhappy over the extra spending it. the sister of the kim jong-un president has shaken hands of the south korean leader. she is the first member of the dynasty the rules north korea to officially visit the south. she will have lunch with the south korean president. the brexit negotiator has waived the prospect that the deal could fail. there are substantial disagreements with the u.k. over period.year grace they

daybreak europe." this is bloomberg. ♪ haidi: this is "bloomberg markets: asia." i'm haidi lun in sydney.. spotify founders are following google and facebook, trying to maintain control after listings by holding shares with super voting power. the ceo and vice chairman -- [indiscernible] spotify has been valued at up to $20 billion in private trade in the recent month. haidi: sprint is selling junk bonds for the first time in three years to fund a wireless upgrade. it is selling $1 billion of unsecured junk bonds. talksllapse of merger with t-mobile last year left sprint alone in an increasingly competitive market. it lagged verizon, at&t, and t-mobile in terms of subscribers. rishaad: broadcom's ceo received compensation last year mostly consisting of shares linked to the company's performance. the return beat 90%. he would be entitled to as much as 4.5 times as many shares. -- [indiscernible] and what he may achieve from the bid for qualcomm. haidi: tournaments are starting to resemble major sporting events as thousands of fans gather to watch gamers play. that means serious opportuniti

daybreak. i have your bloomberg business flash. oyota has raised its profit forecast for the third time this fiscal year. asia's largest automaker is seeing higher demand in the u.s. for the camry sedan and the rav 4 s.u.v. they plan to spend more on development. an improving interest rate environment is likely to support growth. france's largest bank is forecasting that profit will beat targets. they also reported fourth quarter earnings and trading results that were mostly in line with estimates. xc.e.o. elon musk is low.ing the bar he said the maiden flight will be a success if it doesn't blow up on the launch pad. falcon heavy is a reusable launch vehicle that has doubled the capacity of its close competitor and that's the bloomberg business flash. falcoa they are responsible basically for the velocity shares daily inverse short e.t.n. kawawas a ticker that luke was just talking about. i invested ure that in anything that had that long of a title. look at the name of that thing, and on.on >> you need to know it's x.i.v., vix.se of the we're watching that as well. getting hurt yesterday as that got really wi